Cerity Partners LLC Has $5.71 Million Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Cerity Partners LLC trimmed its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 28.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,398 shares of the insurance provider’s stock after selling 10,274 shares during the period. Cerity Partners LLC’s holdings in Reinsurance Group of America were worth $5,708,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Spire Wealth Management raised its stake in shares of Reinsurance Group of America by 39.0% during the 4th quarter. Spire Wealth Management now owns 203 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 57 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Reinsurance Group of America during the fourth quarter worth $44,000. Versant Capital Management Inc lifted its stake in Reinsurance Group of America by 38.1% in the fourth quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider’s stock valued at $62,000 after acquiring an additional 80 shares during the last quarter. Private Trust Co. NA grew its position in shares of Reinsurance Group of America by 99.4% in the 4th quarter. Private Trust Co. NA now owns 311 shares of the insurance provider’s stock valued at $66,000 after acquiring an additional 155 shares during the period. Finally, Kestra Investment Management LLC acquired a new position in shares of Reinsurance Group of America during the 4th quarter worth about $70,000. Institutional investors own 95.11% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on RGA shares. Keefe, Bruyette & Woods cut their price objective on Reinsurance Group of America from $275.00 to $250.00 and set an “outperform” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. raised Reinsurance Group of America from a “neutral” rating to an “overweight” rating and raised their price target for the company from $232.00 to $237.00 in a report on Wednesday, April 2nd. Evercore ISI decreased their price objective on shares of Reinsurance Group of America from $280.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday, March 13th. Wells Fargo & Company cut their target price on shares of Reinsurance Group of America from $264.00 to $246.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Piper Sandler decreased their price target on shares of Reinsurance Group of America from $252.00 to $242.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Reinsurance Group of America presently has an average rating of “Moderate Buy” and an average price target of $230.15.

Reinsurance Group of America Price Performance

RGA stock opened at $177.76 on Friday. The firm has a 50 day simple moving average of $193.93 and a two-hundred day simple moving average of $210.55. The stock has a market cap of $11.74 billion, a PE ratio of 16.55 and a beta of 0.70. Reinsurance Group of America, Incorporated has a one year low of $159.25 and a one year high of $233.81. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 earnings per share for the quarter, missing analysts’ consensus estimates of $5.22 by ($0.23). Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. On average, analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a $0.89 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $3.56 annualized dividend and a yield of 2.00%. Reinsurance Group of America’s payout ratio is currently 33.15%.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated engages in reinsurance business. The company offers individual and group life and health insurance products, such as term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products; asset-intensive and financial reinsurance products; and other capital motivated solutions.